Miami Ironworkers Local 272 Pension Trust Fund

Miami Ironworkers Local 272 Pension Trust Fund

The pension trust exists to pay monthly benefits to retired members of Iron Workers Local Union 272, which has represented South Florida structural and reinforcing ironworkers since its charter in 1919. The plan is a downstream obligation of the union and the contributing employers who fund it through collective bargaining agreements. No public documents name the trustees, investment committee, or any outside consultant. Because the trust is a private-sector Taft-Hartley defined-benefit plan, its investment program is governed by ERISA and negotiated between union and management trustees, but the specifics of its asset mix, rebalancing cadence, and manager roster are not disclosed on the local's website. The absence of a Form 5500 searchable in standard databases leaves its size, allocation, and funded status unfootnoted beyond what may be available in Department of Labor filings. The local's own digital street address reveals little beyond a member-services hub. No adjacent affiliated vehicles — no charitable foundation, no target-benefit plan for apprentices, no club or co-investment platform — appear under the local's name. The trust remains a single-employer-style plan in practice, tied to a specific craft local within the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers. What distinguishes the plan structurally is not its investment strategy but its absence from the allocator circuit. It represents a large population of sub-scale, single-union pension trusts that pool assets quietly, seldom appear at industry conferences, and source all manager selection through consultant gatekeepers or union-side advisory networks. That invisible architecture makes its portfolio a black box to any outside party without a filed 5500 in hand.